{"id":8699,"date":"2023-11-02T16:47:50","date_gmt":"2023-11-02T16:47:50","guid":{"rendered":"https:\/\/infundpros.com\/markets\/stocks\/li-auto-delivers-40k-evs-in-october\/"},"modified":"2023-11-02T16:47:50","modified_gmt":"2023-11-02T16:47:50","slug":"li-auto-delivers-40k-evs-in-october","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=8699","title":{"rendered":"Li Auto delivers 40k EVs in October"},"content":{"rendered":"<div>\n<div id=\"imgCarousel\" class=\"imgCarousel\">\n<p><span class=\"text\">\u00a9 Reuters. Li Auto (LI) delivers 40k EVs in October<\/span><br \/>\n<i class=\"imgGrad\"><\/i>\n<\/div>\n<p>Chinese electric automaker, Li Auto (NASDAQ:) released their October 2023 vehicle delivery report on Wednesday, announcing that the company delivered 40,422 vehicles, representing an increase of 302.1% when compared with the same time last year.<\/p>\n<p>Monthly deliveries exceeded the 40,000 milestone for the first time, increasing 12% MoM. The cumulative deliveries of Li Auto vehicles in 2023 reached 284,647.<\/p>\n<p>\u201cFollowing steady growth for ten consecutive months, Li Auto achieved a new milestone with over 40,000 monthly deliveries, a strong testament to our ever-improving organizational capabilities across production, sales, and services.\u201d Said CEO Xiang Li.<\/p>\n<p>Li Auto aims to deliver 50,000 vehicles and 20,000 L7 models per month, although the specific timing was not provided. Additionally, the company has established 372 retail stores across the country.<\/p>\n<p>Investors are expected to closely monitor whether the increasing order intake can drive monthly deliveries towards the 50,000 target, despite intensifying competition triggered by the launch of Huawei&#8217;s Aito M9 in December. This new product could pose a considerable threat to the L9.<\/p>\n<p>Furthermore, investors are keenly observing any developments regarding L6 and seeking additional information about Mega, which has been generating significant interest among consumers and local media since its introduction.<\/p>\n<p>Shares of LI are up 3.92% in mid-day trading on Wednesday.<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.investing.com\/news\/stock-market-news\/li-auto-delivers-40k-evs-in-october-432SI-3217552\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a9 Reuters. Li Auto (LI) delivers 40k EVs in October Chinese electric automaker, Li Auto (NASDAQ:) released their October 2023 vehicle delivery&#8230;<\/p>\n","protected":false},"author":1,"featured_media":1286,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[],"class_list":{"0":"post-8699","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stocks"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Li Auto delivers 40k EVs in October | inFundPros<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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